Tom Lee's BitMine Boosts Ethereum Treasury Holdings to $13 Billion

Group 1 - BitMine Immersion Technologies has increased its total ETH holdings to $13 billion after acquiring 179,251 ETH for approximately $823 million [1][2] - The company now holds 2.83 million ETH, with an average acquisition price of $4,535 per token, which is below the current price of $4,625 [2] - BitMine ranks as the largest Ethereum treasury firm, significantly ahead of the second-largest, SharpLink Gaming, which holds about $3.85 billion in ETH [3] Group 2 - In addition to its ETH holdings, BitMine possesses 192 Bitcoin valued at nearly $24 million, a $113 million stake in Eightco Holdings, and cash reserves of $456 million [2] - The price of BitMine's shares rose over 5% to $59.78 following the announcement, with a 37% increase in stock value over the past month [3] - BitMine's Chairman emphasized the company's strategic focus on AI and crypto, indicating a strong belief in these sectors as future investment narratives [4]